News Room

Podcast: Automatic Tax Filing - Will It Work?

Last week Taxpayers' Ombudsperson François Boileau  tabled his annual report:  In Pursuit of Better Service: Taxpayers Deserve More.  once again, it was nothing short of scathing, as CRA received its highest number of complaints in the last three years.  Calling our “completely nuts” Income Tax Act a potential barrier, he is nonetheless pushing for automatic tax filing as a potential solution.  A new episode of Real Tax News with Evelyn Jacks & Friends available next week, will feature guest Gillian Petit, Ph.D. - author of a great report, Welcome News for Lower-Income Canadians, but There’s More to Do - which takes a deeper dive.  Consider the following:

Master T2 Preparation for Micro Businesses

Accurately prepare T2 corporate returns for your small business clients, ensuring tax is minimized and planning opportunities are identified on a timely basis. Enrol in the new course, T2 Corporate Tax Preparation for Micro Businesses, by December 18 and save $200 on tax deductible tuition fees.

The Best Reference Tool You’ll Need for the Upcoming Tax Season

Get the answers to your clients' tax questions easily and quickly with EverGreen Explanatory Notes – your ever-current research library, updated with the latest information and changes weekly! Take a test drive with a free demo today.

Majority Agrees: Focus on Spending Less Than You Earn is Key

The end of November marked the end of Financial Literacy month and with it our poll that asked: Putting focus on spending less than you earn is more important than earning more than you spend. Do you agree?

2014 TD1 Tax Credit Returns Now Available

December is the month to supply employees with their 2014 TD1 Tax Credit returns, which determine how much tax will be withheld from periodic pay cheques throughout 2014. 

Bank of Canada Warns of Ongoing Email Scam

The Bank of Canada (the Bank) has warned Canadians that an unsolicited email scam has falsely claiming to originate from the Bank has been circulating.

Evelyn Jacks: Thoughts for Year End – Wealth is a State of Mind

Are you wealthy? How do you measure your answer? Many people don’t believe that word belongs to their situation until they sit down and actually map out their personal and family net worth – total assets less total debt. But wealth has a lot to do with your state of mind around financial decisions.
 
 
 
Knowledge Bureau Poll Question

According to CRA, Canadians experience improved service delivery and responsiveness from the CRA this tax season. Do you agree?

  • Yes
    7 votes
    7.78%
  • No
    83 votes
    92.22%